Truist Financial Issues Pessimistic Forecast for Lowe’s Companies (NYSE:LOW) Stock Price

Lowe’s Companies (NYSE:LOW) had its target price cut by Truist Financial from $308.00 to $295.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the home improvement retailer’s stock.

LOW has been the subject of several other reports. Sanford C. Bernstein boosted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada upped their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Guggenheim reiterated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $245.87 on Thursday. The stock has a market cap of $138.83 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.96 and a beta of 1.11. The business has a 50 day simple moving average of $252.50 and a 200 day simple moving average of $258.77. Lowe’s Companies has a 52 week low of $211.80 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. On average, analysts predict that Lowe’s Companies will post 11.9 EPS for the current year.

Hedge Funds Weigh In On Lowe’s Companies

Institutional investors have recently bought and sold shares of the business. Brooklyn FI LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at $820,000. Brucke Financial Inc. bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $748,000. Bernard Wealth Management Corp. acquired a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $1,053,000. Heck Capital Advisors LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $101,000. Finally, Garde Capital Inc. increased its holdings in shares of Lowe’s Companies by 31.5% in the fourth quarter. Garde Capital Inc. now owns 584 shares of the home improvement retailer’s stock valued at $144,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.